Don’t Expect @realDonaldTrump to Tweet Foxconn Plan: Gadfly

Here’s a challenge to President-elect Donald Trump’s plan to be bring jobs back to America before his inauguration Jan. 20. In an announcement made just before the new year, Foxconn’s flagship Hon Hai Precision Industry Co. said it will spend $8.8 billion to build a massive display-panel factory for its joint venture with Sharp Corp. Crucially, the location chosen by Foxconn Chairman Terry Gou is China, not the U.S. The obvious setback is that this is 8.8 billion greenbacks that won’t be pumped into Trump’s America.